Kurzbeschreibung

This book is an applications-orientedtext designed for individuals who desire a hands-on approach to analyzing theeffects of fiscal and monetary policies. Significantly updated to provide anunderstanding of the post-financial crisis economy, the third edition coversthe subprime crisis in detail, discussing monetary policies enacted in itswake, such as quantitative easing, tapering, carry trades, CMOs, and monetization.Even more globally oriented than previous editions, this volume links the GreatRecession and US Monetary Policy to global hot capital flows and currencypegs. This edition also revisits the Eurozone in significant detail;discussing its history, its macroeconomic design challenges, and its presentimperiled state, in the context of global macropolicy. Finally, thisvolume analyzes the "China syndrome" and explores the effects ofslower trend growth in China on the rest of the world. India, with itsdifferent—almost supply-side—approach to macropolicy is also studied in detail.The third edition contains several brand-new cases and media articles that arecarefully positioned to relate explicitly to theory, and to look ahead to andpreempt global macro situations and polices in the years to come. MBA students andExecutive MBA students who appreciate the importance of monetary and fiscalanalysis will find this text to be right on target. Financial analysts andindividual investors who need to strip away economic myths and jargon andsystematically examine and understand the effects of macro policies onvariables such as inflation, output, employment and interest rates, will alsofind the book extremely useful.

Dr. Langdana's areas of specialization include monetary and fiscal theory and international trade and global macroeconomic policy. His research deals with macroeconomic experimentation and the role of stabilization policy in an expectations-driven economy. He has published several articles as well as five books in this area. His new book, co-authored with Peter Murphy and published by Springer Press, is titled "International Trade and Global Macropolicy." Dr. Langdana is the recipient of the Horace dePodwin Research Award and more than 30 teaching awards, including the highest possible teaching award at Rutgers University -- the Warren I. Susman Award. He also has received Rutgers Business School's Paul Nadler Award for Excellence in Teaching. From 2011 to 2013, the Award for Excellence in teaching in the MBA Program was named the Farrokh Langdana Teaching Excellence Award.A professor in the Finance and Economics Department at Rutgers Business School, Dr. Langdana is also director of the globally ranked and highly regarded Rutgers Executive MBA Program. Dr. Langdana was recently interviewed by The Wall Street Journal where he discusses how the Rutgers EMBA program evolves constantly to meet the changing needs and demands of the global executive workplace. He has been director since 1997.